Adebayor gone (& we aren't paying his wages)

[Ray78]

Re: Adebayor gone (Official)

We wrote off his contract in last years books anyway, right? Someone correct me if I'm wrong but I thought one of the reasons our loss was so humongous last year was because of the one-off write-off's we put in the books to Adebayor, Bellamy, and RSC. Anyone?

Yep you are correct. It's fairly simple. The books will actually show a profit on the deal.

-- Tue Aug 21, 2012 9:09 pm --

Wages have to be taken into account,thats the whole point of making a gross saving on the remainder of his contract.

Finaly some one willing to be reasonable, who'd have thunk it would take so long... you guys take to the high horse to easily...

Yeah mate i understand that wages need to be taken into account and do not for one second doubt that in any way that will take £14 ish million off the books, for a while.. IF as is suggested in the only source we have at the moment, we are paying some towards his wage. so the £5m takes that back to £23. so either way we havent taken a fee, or we have susidised his wage ?

Now the wage saving is nominal given we replace him with another player, another player on about the same wage. So the wage saving is wiped out.

But then we have to pay a fee to bring the new guy in, other clubs wont be so polite and give them to us, so we pay £25-30m est... according to the accountant at the end of the year we are £30m down.

Now in not getting into the argument if Ade was good enough for us or not... but its not a good use of an asset.

SWP... like ive said in the past, i dont really give a crap if you like it or not.... and no matter what ITK accountant, or stadium staff you know, i understand having a relative high up at the stadium myself, that they do not know the in's and outs of deals....

but you are missing the simple fact, anyone who leaves is being replaced with someone else... take the £15m, ammortation and wipe it out withing a few week's... Its not a saving it's juggling the cash for a short period... a short perios where our fee's are not lessened. It certainly wont be a saving at the end of the finacial year will it ?

Im happy to be wrong, and talk about it... But dont use ITK accountants as a source of fact, certainly when you deride others opinion as stupid on that basis...

Oh ffs, I've already answered all of that. I couldn't give a fuck if you believe it or not. It's the truth.

Music to my ears SWP.

 

[SWP's back]

Re: Adebayor gone (Official)

We wrote off his contract in last years books anyway, right? Someone correct me if I'm wrong but I thought one of the reasons our loss was so humongous last year was because of the one-off write-off's we put in the books to Adebayor, Bellamy, and RSC. Anyone?

Yep you are correct. It's fairly simple. The books will actually show a profit on the deal.

-- Tue Aug 21, 2012 9:09 pm --

Finaly some one willing to be reasonable, who'd have thunk it would take so long... you guys take to the high horse to easily...

Yeah mate i understand that wages need to be taken into account and do not for one second doubt that in any way that will take £14 ish million off the books, for a while.. IF as is suggested in the only source we have at the moment, we are paying some towards his wage. so the £5m takes that back to £23. so either way we havent taken a fee, or we have susidised his wage ?

Now the wage saving is nominal given we replace him with another player, another player on about the same wage. So the wage saving is wiped out.

But then we have to pay a fee to bring the new guy in, other clubs wont be so polite and give them to us, so we pay £25-30m est... according to the accountant at the end of the year we are £30m down.

Now in not getting into the argument if Ade was good enough for us or not... but its not a good use of an asset.

SWP... like ive said in the past, i dont really give a crap if you like it or not.... and no matter what ITK accountant, or stadium staff you know, i understand having a relative high up at the stadium myself, that they do not know the in's and outs of deals....

but you are missing the simple fact, anyone who leaves is being replaced with someone else... take the £15m, ammortation and wipe it out withing a few week's... Its not a saving it's juggling the cash for a short period... a short perios where our fee's are not lessened. It certainly wont be a saving at the end of the finacial year will it ?

Im happy to be wrong, and talk about it... But dont use ITK accountants as a source of fact, certainly when you deride others opinion as stupid on that basis...

Oh ffs, I've already answered all of that. I couldn't give a fuck if you believe it or not. It's the truth.

You havent though have you !!!

What happens to that saving when he is replaced ? It's simple enough.... will it not show as a loss when the othe club has the cheek to as for a fee ? if yuou also accept the replacement will be paid at some point ?

Are you on the wum or something? It is a saving on him. A player that wasn't playing for us,

If we replace him with someone that may play for us then no, we will not make a net saving overall, but we didn't want to. What we wanted was to receive a professional footballer that may help our title aspirations for the money we were laying out.

Can someone tell me if I speaking Swahili on this one? As I feel I may get better sense talking to my cushions.

Tell you what though, if just saving money is your preferred method for the club, then why don't we sell all of our players, irrespective of whether they play for us and only play trainees. We could save £180m per year doing that. Fucking awesome.

 

[Anonymous]

Re: Adebayor gone (Official)

Yep you are correct. It's fairly simple. The books will actually show a profit on the deal.

You have no idea how much I love this pic and the man in it.

 

[johnmc]

Re: Adebayor gone (Official)

SWP - not sure if you saw my post on the previous page. Surely we had to pay him a loyalty bonus, as ludicrous as it sounds, as he never asked to go.

 

[lost_n_spaced]

Re: Adebayor gone (Official)

Now that he HAS gone, which fan would YOU be if he scored against us at WHL (and ran the length of the pitch to goad us) ?

 

[SWP's back]

Re: Adebayor gone (Official)

What Sniff, from this:


Ok, I shall walk you through it one last time. And it is in the public domain, on the whole, so long as you ignore the bollocks in most papers. But this is info from the inside, those that know me, know my source on this one and I'm happy to stand up and say it.

We wanted £10-12m for him. Spurs said they couldn't afford that AND his wages. We tried to flog him to everyone for the last 12 months without success to we decided to take a view.

We then accepted a £5m bid from spurs, allowing spurs to pay him a huge signing on fee. This in effect means we have subsidised his wages for the next two years of his contract (the difference between his new £80k wage and his old £175,000 wage, less NI and image rights).

Now, we had already written off his book value in last seasons accounts. What todays deal does is end his amortisation cost and frees up £23m (£5m fee plus saving of £175,000 x 104 weeks (2 years left of his contract)) over the next two years.

Now that money was dead money, we received no player, no goals, no assists, nothing from him being on the books. We now have a place free in the squad and some additional money to play with.

If you cannot see that as a good thing or a saving then more fool you. We have now received, from Spurs, £9m in total (£5m fee plus £4m loan fee). He was signed for £25m over a 5 year period. His amortisation is £5m per year making his notional book value £10m at this point. So in effect, we have lost £1m on the deal, but in accounting terms it will actually be a profit as we wrote off his £15m book value last September under "exceptional items" in our books (along with nearly £20m on Santa Cruz and £5m on Wayne Bride).

<a class="postlink" href="http://swissramble.blogspot.co.uk/2011/" onclick="window.open(this.href);return false;">http://swissramble.blogspot.co.uk/2011/</a> ... rplan.html (for the exceptional items)

<a class="postlink" href="http://www.dailymail.co.uk/sport/footba" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba</a> ... olumn.html

(the above article is a City leak directly from Marwood to Ashton last Tuesday to help push the deal through)

If you need any more sources then sorry, as I say, those that know me well on here know who I occasionally get info from, though rarely ahead of transfers in.

As for my abrasive style, foe me if you don't like it, I've more than enough friends on here to last me a lifetime and I don't need to post in a way that pleases you.

-------

Did you not "get"?

 

[Anonymous]

Re: Adebayor gone (Official)

Are you on the wum or something? It is a saving on him. A player that wasn't playing for us,

If we replace him with someone that may play for us then no, we will not make a net saving overall, but we didn't want to. What we wanted was to receive a professional footballer that may help our title aspirations for the money we were laying out.

Can someone tell me if I speaking Swahili on this one? As I feel I may get better sense talking to my cushions.

Tell you what though, if just saving money is your preferred method for the club, then why don't we sell all of our players, irrespective of whether they play for us and only play trainees. We could save £180m per year doing that. Fucking awesome.

Quite brilliant. Proper laughing out loud here!

 

[SWP's back]

Re: Adebayor gone (Official)

SWP - not sure if you saw my post on the previous page. Surely we had to pay him a loyalty bonus, as ludicrous as it sounds, as he never asked to go.

I've not been led to believe we have paid him anything of the sort mate.

 

[Anonymous]

Re: Adebayor gone (Official)

Now that he HAS gone, which fan would YOU be if he scored against us at WHL (and ran the length of the pitch to goad us) ?

I'd be Micky Flanagan jumping over the top of everyone, that is I would be if I had some hair.

 

[Oohvonkyvonky]

Re: Adebayor gone (Official)

We wrote off his contract in last years books anyway, right? Someone correct me if I'm wrong but I thought one of the reasons our loss was so humongous last year was because of the one-off write-off's we put in the books to Adebayor, Bellamy, and RSC. Anyone?

Yep you are correct. It's fairly simple. The books will actually show a profit on the deal.

-- Tue Aug 21, 2012 9:09 pm --

Finaly some one willing to be reasonable, who'd have thunk it would take so long... you guys take to the high horse to easily...

Yeah mate i understand that wages need to be taken into account and do not for one second doubt that in any way that will take £14 ish million off the books, for a while.. IF as is suggested in the only source we have at the moment, we are paying some towards his wage. so the £5m takes that back to £23. so either way we havent taken a fee, or we have susidised his wage ?

Now the wage saving is nominal given we replace him with another player, another player on about the same wage. So the wage saving is wiped out.

But then we have to pay a fee to bring the new guy in, other clubs wont be so polite and give them to us, so we pay £25-30m est... according to the accountant at the end of the year we are £30m down.

Now in not getting into the argument if Ade was good enough for us or not... but its not a good use of an asset.

SWP... like ive said in the past, i dont really give a crap if you like it or not.... and no matter what ITK accountant, or stadium staff you know, i understand having a relative high up at the stadium myself, that they do not know the in's and outs of deals....

but you are missing the simple fact, anyone who leaves is being replaced with someone else... take the £15m, ammortation and wipe it out withing a few week's... Its not a saving it's juggling the cash for a short period... a short perios where our fee's are not lessened. It certainly wont be a saving at the end of the finacial year will it ?

Im happy to be wrong, and talk about it... But dont use ITK accountants as a source of fact, certainly when you deride others opinion as stupid on that basis...

Oh ffs, I've already answered all of that. I couldn't give a fuck if you believe it or not. It's the truth.

You havent though have you !!!

What happens to that saving when he is replaced ? It's simple enough.... will it not show as a loss when the othe club has the cheek to as for a fee ? if yuou also accept the replacement will be paid at some point ?

You do understand he has not played for us since 2010? We have been paying him money for nothing since then.

He has now GONE... Off the books.. Been fucked off etc etc

Thats then END.

Of course its a saving, as it frees up another place and doesn't result in us paying for another whilst Ade is on the books?